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Horizon co owns equipment that cost 138750 with accumulated

Horizon Co. owns equipment that cost $138,750, with accumulated depreciation of $81,000. Horizon sells the equipment for cash. Record the sale of the equipment assuming Horizon sells the equipment for (1) $63,000 cash, (2) $57,750 cash, and (3) $46,500 cash.

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Accounting Basics: Horizon co owns equipment that cost 138750 with accumulated

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